spending with a robinhood card, will eventually do some of the higher yielding transactions so it's really about that single money app that a lot of the fint fintechs have talked about they're converging more to look like banks they're launching 401(k)s, too so definite a sign the trading boom, they have to supplement that they're not always going to be able to rely on retail >> it's over it's over. thank you so much. that does it for the exchange. "power lunch" starts now welcome to "power lunch. here's what's ahead. the odds of a 50 the probability of the fed hiking rates by half a percent in may is climbing some also see another 50 in june it's higher than 50/50 right now, according to the oddsmakers so how can you protect your

investments from an aggressive fed? our market pro will share his strategy and the mortgage market in mayhem the rate for 30-year fixed loans spiking, adding additional stress to the housing market at a critical, kelly, time of the year >> and let 's check on the markets. dow's up 279 40 points off session high s&p's up 50. nasdaq leading the way, up 262 a 1.9% gain. dow was up as much 314 earlier it's all about rates today the nasdaq is the outperformer as the yield on the ten-year reaches as high as 2.39% highest since may of 2019. we're just below that right now. two-year ten-year spread, everyone's watching. it's down to 21 basis points >> thank you, kelly. wall street reassessing its rate expectations economists at goldman sachs say they expect half a percentage

point increase at the fed's may and june meetings. ubs says the odds of a 50 basis points another fancy way of calling a half point, are rising all of this follows the more hawkish comments yesterday from fed chair powell and steve liesman has more on what the market is pricing in, steve. >> yeah, hey, tyler. markets adjusting to yet another new round of fresh hawkish talk from the fed this time from the speech yesterday from jay powell who put the markets on notice for a possible 50 coming at the may meeting and raising rates above neutral possibly to slow the economy. the market heard the fed loud and clear. the chair now more definitively than at tend of his conference last week. before the meeting, the probability was just under 10% after the meeting settled back down to 36, now at 72% so 50 now is the likely choice

now for fed at the next meeting. goldman sachs in that note that tyler told you about, the call for 250 basis points hikes, also forecast that the fed would raise the funds rate by three and quarter percent by the end of 2023. futures market sees 150 by august 216 by year end, which by the way, shows an eighth rate hike is now priced in or assumed. the funds rate is priced at 280 by the end of 2023 that's the market price. goldman's above that whatever reason powell felt to raise it, it had the effect of pulling forward futuring tightening into today's economy right now and that may be, tyler, exactly why he did it >> tell us about this curious phenomenon called the yield curve and why people are so concerned that shorter, the difference between shorter term interest rates, whether it's a t bill or a two-year note versus a

ten-year note, what that difference narrows why is that concerning and what does it say that bond investors are expecting? >> it's a bit of a curious phenomenon that when it revert, it leads to recession. it's unclear as to whether or not the inversion itself helps cause the recession or is just a sign of a recession. what it tells you, among other things, and there are many different people who look at these same aspects and have different ideas. it tells you that down the road, markets think the fed will be going to other way, possibly reducing rates and if it inverts, the short end is above long end, it tells you the fed's going to hike and slow the economy and the market believes that it's dwgoing to go too far and plunge the economy into recession. that's one possible interpretation >> steve, thanks very much

>> all of this is playing out in the bond market as the yield curve flattens take a look at the move in the ten-year on november 30th, when it really began and the hawkish language and transition started ten-year was at 144. today, it's almost a full point higher up around 2.39%. rick santelli has more on what the bond market is signaling rick >> yes i'll tell you what, let's keep that date isolated the 30th of november this is a biggie remember, it gave you two chances. not only as you look at this chart going back to the 30th, towards december, we actually traded down to 34 basis points 134. an extra ten to flush everybody out. but consider so we're up over 90 basis points 94 to be exact from that 144 look at bunds. they were at minus 35. they're now at 50.

that's 85 basis points you look at the u.k. ten-year. they were at 80 or 170 today that's 90 basis points but the winner in the central bank like japan that isn't necessarily where it needs to be, australia. look at the aussie ten-year. it's at 277 now. it was at 169 on the 30th of november we'll call that 108 basis points of movement and on yield curves, boy, it's all about art more than science to some because if you look at the three-month versus two-year, that's the widest it's been in 20 years over 160 but tens to twos are a two-year flat and three months to ten-year, the original yield curve that dictated the research on recessions, that's at a five-year steep. so what gives? there's lot of distortions, but in the end, i think the fed is so far behindthat the two-year

is pricing everything end, but t bills get auctioned every month and keep up with where market rates are now. back to you. >> that was really what, and you wrote a memo about this earlier today and i really thought it was really so smart. i don't understand why if you look at the yield curve one way, it would be flattening severely and if you look at it the other way, it would be as steep as it's been for a long, long time. it just doesn't make a lot of sense. >> no. we saw three months to ten-years invert in 2019 remember, everybody got so nervous and it inverted in quite a large fashion, but there's distortions everywhere you look. another distortion of course is that ten-year and the longer dated maturities of quantitative ease rates lower than they should be but makes the normal twos and tens look steeper in the end, three-month bills

are eventually going to catch up which is why the fed being behind the curve had aided that distortion >> thank you very much the professor. how will this all play out when it involves your investments our next guest says the flattening yield curve is leading to concerns about future growth joining us is greg demarsio, vice president and portfolio manager with rockland trust. maybe we've talked enough about the flattening yield curve for now, but what does it say for me and my investments and my portfolio? what should i lean away from what should i lean toward? >> i think that's a great question when you look at it, i think what it's saying is that risk is rising in the equity markets we are getting an inconsistent message from the bond markets to the equity markets i think you'd be hard pressed to come up with a thesis as to why these higher bond prices should lead to higher equity prices in the past, we'd talk about

having no alternatives on the bond side. and now bonds are very much a reasonable option with higher yields if you assume that inflation is going to be calmed down but i think the clear message is that risk is rising for your equity portfolio >> and so if risk is rising for my equity portfolio,what do i want to lighten up on? i'm sure you're not a market timer. almost nobody who makes money in this business is but where would you be putting fresh money to protect against what you see in the, the threats you see in the equity market >> sure. i think you want to pivot off what the current situation is offering you as an opportunity and when i look at it, the things that are rebounding now are consumer centric some of the early worries of the year were the consumer stocks were going to get hurt as rates

rose i think you're seeing them today rally back i think over the next three or four months, there's a lot of headwinds the consumer faces whether it's on the lower end of student debt starting to be repaid back. whether it's higher mortgage rates and what that's going to do to borrowing and things like home equity. i think when we look at new money investments, we're looking for non-economically sensitive names and non-economically sensitive sectors. >> that might help explain why a name like chubb pops up. blackrock. united health group. is that the kind of common thread there >> yeah, i think the common thread if you look at it is obviously within financials. banks have done tremendously well on the prospect of higher rates. at some point that will lose steam. and when banks lose steam and people are worried about the economy, insurance stocks tend to do very well. if you look at a name like unh, while labor is an issue, it's not a consumer centric name.

healthcare is not as economically sensitive as other areas of the economy and last but not least, you never want to not have, be taking offensive opportunities blackrock is a phenomenal company. a stock that people like for the long-term. it's already down a lot with the market being down so on p pullbacks, it's a great long-term investment >> i infer from what you're saying that you would lean away from consumer discretionary stocks >> i think that's a fair assessment as we look out over the next three to five months, the u.s. consumer has a lot of headwinds. mortgage rates going higher. food and energy prices squeezing. so that's a fair assessment. anytime you're at risk of a recession and as you said, we've talked a lot about the yield curve, but the yield curve is starting to signal a higher risk of recession anytime you enter a recession, consume is 70% of our economy.

it is something to be a little ka careful with >> let me close with a quick thought on bonds you said bonds are giving stocks a little bit of serious competition. if i want to, is this now not a good time to put money into bonds or bond funds because rates are likely to raise and eat away at the principle value of my shares or what should i do there? >> i think bonds are starting to become a very attractive investment at these levels for fresh money. i think your prior guest, rick, who noted a year ago or maybe back in november, the ten-year treasury yield was really yielding in line with the s&p 500. now that yield on the ten-year treasury is probably 70 to 80 basis points higher than the yield on the s&p 500 so at some spread there, it makes it more advantageous to put new money into bonds versus stocks and maybe we see the end of the rates going higher. >> all right, greg, thank you

very much. appreciate it. >> thank you and coming up, president biden issuing an imminent warning for corporate america, saying prepare for russian cyber attacks. so what's at risk? the grid the financial community? we'll ask an expert what he's most worried about plus, record diesel prices hitting the trucking industry and with more than 70% of freight transported that way, the impact could be felt across the economy. as we head to break, take a look at shares of game stop they are up, i spoke too soon, you know i told kate rooney the meme trading, the boom, it's over maybe not. 30% jump today with more than 100% of its average 30-day volume. back in a moment hey businesses! you all deserve something epic! so we're giving every business, our best deals on every iphone - including the iphone 13 pro with 5g. that's the one with the amazing camera?

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shares of okta off its lows after the firm said it found no evidence of ongoing malicious activity this follows claims by a hacking group that they had breached the company's internal systems now, cybersecurity stocks rising sharply over the past week there you see several of them except for okta. okta, palo alto, up more than

12% on okta, 10% for palo alto 15% for crowdstrike. >> the white house issuing a dire warning about the threat of cy cyber war with russia. anne newberger said -- we are reiterating those warnings and doing so based on an evolving threat intelligence that russia's government is exploring options for potential cyber attacks on critical infrastructure in the u.s. pretty stark words there so who's most vulnerable and how should the country prepare joining us now is chris, ceo of foster cybersecurity and has been advising the u.s. government for decades on cyber war. chris, what do you think the biggest threat is here >> well, our systems are probably largely compromised at this point and the industry will say the people who don't know

they've been hacked are the ones who are hacked when it comes to critical infrastructure, services like financial services are really well prepared as is the energy sector but other things, for instance, okta, is part of critical infrastructure so are cloud services and they are critical parts of the supply chain today. so we're going to see vulnerabilities in critical infrastructure tested. other organizations like ups and fedex are also part of critical infrastructure as the most vulnerable, i would look at who the most common victims of ransomware are and unfortunately, healthcare is exploited. >> it's one thing when there are groups of you know, hackers and pirates that are just targeting corporate america to make a quick buck it's another when this is basically cyber warfare. is there a higher responsibility for the u.s. government to do something here or would it not be effective if they tried to get more involved? either financially in term of

resources? how is this best handled >> well, so anne ran the cyber director, so she is the number one authority in this country on the russian cybersecurity threat and the nsa is to beat a threat like this. ann and the nsa is like the nav s.e.a.l.s. of cyber space. >> what point of cyber warfare do you think the u.s. government retaliates and how would that, and would we even know about the retaliation? what form would it take? >> well, there's a concept of intel gain loss. what do you want to use because your adversary will see it and we may be coming up on a point where we'll see some new technology that we didn't know existed take place if we have a hot cyber war.

so i absolutely know that the nsa is far better at offensive cyber than the russians are and there's going, we should be a serious deterrent. i really think the nsa could put the russians back to the 19th century. >> you mentioned healthcare as one of the more vulnerable areas in part because they have been the ones who have been hit with ra ransomware two questions here could the russian get involved in a kind of ransom ware without asking for ransom? in other words, we're just going to do the damage and we don't care about the money number two, what's the vulnerability of the transportation by which i mean air traffic control, train, planes, automobiles, et cetera >> well, you know, on the transportation side, i think the biggest vulnerability is gps from our cars to uber, et cetera while the department of defense is geared up to operate in what

we call a gps denied environment in a world where there is no gps, the commercial sector is probably not so that would be the number one risk i think to transportation when it comes to healthcare, healthcare's a tough environment to lock down and secure. there are a lot of machines and things and computers to work together and they've been easy targets. for any kind of cyber attackers looking to make a quick buck but you're right i would probably change the playbook and not pay because i doubt you're going to get the password i think another concern would be understanding cyber insurance policies because insurance policies don't always pay out in an act of war. >> real quickly, chris, if they aren't to pay out the ransom, that's the only way people have usually be able to recover from these attacks. what are they supposed to do then >> well, in the white house guidance this morning, they recommended back ups and encryption there may be capabilities that

the u.s. government has to crack encryption that we don't know about. >> well, that would be nice and necessary to national security chris, appreciate your time today. thank you so much. >> thanks, kelly shares of tesla soaring more than 26% just since last tuesday as high gasoline prices have increased interest in evs. that comes at just the right time tesla opening its giga berlin factory. back in a moment minutes until w. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪

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a big milestone for tesla. the company starting delivers from berlin which can help them keep up with surging demand. phil >> you know what i've got for you? i've got video of elon musk dancing. what doesn't like some good elon musk dance video this is him on the assembly line at the giga berlin that's about what we see from elon when it comes to dancing, as they were delivering the first model y. these are coming off the line. they are going to be delivered to european buyers and the ramp up in production in europe is a

big reason why tesla will deliver more than 1.4 million vehicles this year they did 936,000 last year they're going to deliver an increase of almost 500,000 according to many analyst's estimates. and europe is really the weakest of the three major ev regions in the world when it comes to tesla sales. north america, not a surprise they had more sales than anywhere else. but china catching up quickly. and europe only 168,000. that's because the vehicles being sold in europe by tesla are built in china then shipped over there that will change now with giga berlin as you take a look at shares of tesla, keep in mind, this is the first of two big giga factory first delivery dates that musk is celebrating there's today in berlin and then early april, we'll see him do something similar when they begin deliveries i should say at the giga factory outside of austin, texas. >> two big plant openings.

is tesla done opening plants for a while? >> for the near term, yes, tyler. they don't have any plans that have been announced in terms of saying hey, here's another giga factory, but they can expand where they have right now. so as demand and sales of evs continues to grow in china, which is expected because that is a country really pushing electric vehicle adoption and it's the world's largest ev market, they can expand that plant in china significantly. and so you'll see increases there. probably over time, they can increase increase production at the two plants in the u.s. and obviously with giga berlin it's going to take some time, there are some issues there with the state government in terms of water usage and some other restrictions, but they'll get that resolved. it's scheduled to have production of up to 500,000 a year eventually. so they've got some room to grow >> thank you very much reporting on tesla meantime, let's get to rahel

>> here's what's happening in mariupol, a military group says that this video we're about to show shows a russian air strike blowing up factories and industrial buildings reuters has verified the location of the video has not been able however to determine the nature of the explosions meanwhile, the ap reports ukrainian defenders still fending off russian attempts to take the fourth city and that's despite weeks of bombings. in burbank, california, 100 disney employees walking off the job. they're getting calls to protest the response to florida legislation that opponents are calling the don't say gay bill florida governor desantis says it's unfortunate that disney has been bought into false narratives about the bill and that he will sign it soon. more pictures of damage from storms

apparent tornados in texas and oklahoma about 40,000 are still without power in texas those storms now in louisiana where more than 26,000 utility customers have lost power. back to you. >> thank you very much ahead on "power lunch," we're going to get you caught up on the markets as stocks are higher across the board right now. the nasdaq leading the way up almost 2% chinese internet stocks continuing their strong rebound. alibaba up more than 50% in just a week and the yield on the ten-year note up 2.37% stocks, bonds, oil, we've got it covered next on "power lunch."

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banks are up because we're seeing interest rates move up. so goldman's up, jpmorgan also helping the dow. but the really notable mover is these commodity stocks that rally is very real. it's been going on for a while now. we have a new high on the s&p materials index. some of these stocks have moved up cf industry, new nucor, freeport elsewhere, if you look around here, it's interesting to watch cathie woods style stocks and china stocks move together they've been doing that recently that's happening again today so nice moves up in tesla, block, zillow, coinbase, teledoc moving to the upside the meme stocks, yes, you noted game stop up 30%, but all the old favorites. amc and express and yes, bed, bath and beyond was a meme stock

for a brief moment all moving mostly in the middle of the day a little after 12:00 eastern time keep an eye on that. back to you. >> isn't that remarkable bob, thank you so much over in the monday market as you well know yields have been on the rise today 2.39%. that's the high for the ten-year highest level since may of 2019. all after powell was more hawkish yesterday saying he's open to a half point hike if necessary. goldman comes out, they expect two now in the next meetings that's a low three-month ten-year looks better though. three-month two-year we can watch, both have been steepening and more bullish sounding. to crude for the day which is closing around $110 a barrel pippa stevens with the latest. >> oil between gains and losses today before ending the session more or less at the flat line. whether or not the european union institutes an oil embargo

remains front and center should there be a ban, the next stop for oil is 180. wti down three quarters of 1% at 111.30 brent crude is flat here at 115.71 even if sanctioning continues, total energies announcing they will stop buying russian oil and petroleum products as soon as possible and by the end of the year at the latest this comes after the company faced backlash for its initial response to russia's invasion which had stocks short of holting all together >> thank you very much now it's not just oil and gasoline prices that have been spiking across america diesel in particular has hit fresh highs. according to the eia, we're at record diesel prices, averaging $5.13 in the u.s here to discus this is do

donald broten. it's great to see you today. and first of all, why are diesel prices still so high we haven't really seen them ease yet. >> well, because the demand is out there. quite frankly. you're not seeing an ebb off in the demand for diesel. the demand for moving freight and therefore demand is strong prices is going to stay high >> this decoupling effect a little bit from gasoline and i don't know if it's going to continue, but to your point, donald, what does it mean for truckers who are facing now the prospect of a lot higher fuel cost people have raised the kinds of protests we've seen in recent decades over similar problems saying there were times that people would literally stop driving trucks shut down routes go out of business we've already had such a supply chain problem. this now adds another element to it >> it does and it's pinching margins for all truckers what happens is if you look at

any level of diesel prices, the fuel surcharges that are in place, those programs essentially completely off set the incremental costs, but there's a lag because you're paying the price at the pump today and that price has been going up, up, up and the fuel surcharge that resets once a week and it's based upon last week's average price so there's a lag a catch up you get a lag, a shortall on the way up, you get a wind ffall on the way down, but you've got to weather through that period. we've never seen this big of an increase in such a short time frame. we saw literally $1.20 gallon jump in diesel in three weeks and we're at prices 65% above where they were a year ago >> let's talk stock impact there are a number of publicly traded names here, but it's the

smaller players who will be hit the hardest. they have fewer resources to deal with it what does it mean for knight, schneider, jb hunt >> they're going to have those short-term headwinds of playing catch up, but it's going to be a bigger headwind for their smaller competitors so in the grand scheme of thing, they'll weather through this decent balance sheets, et cetera and they buy at bulk rates so they're going to escape the pain of the smaller guys are going to suffer full on. hunts is a different story hunt is the larger truck to rail to truck what's called domestic inner mobile player in the u.s. and they have a truck division which will get hurt just as the others will, but their truck division is 7% of their revenue. 6% of their operating department they're intermodal business is 45% of their revenue almost 60% of their operating

profit and that part of their business is doing extraordinarily well you can save a surcharge cost by switching to the domestic intermodal the customers are beating a path to their doors as a result >> does hunt own the trailers or do they own the trucks themselves that pull the trailers that's question one. >> they own the truck. >> they own the trucks >> and they own the containers and then they have partnerships, right. then they have partnerships with the burlington northern, the norfolk southern and canadian national which are three of the biggest and best players in north america. >> i like a guy who knows how to say norfolk. >> exactly right but you're seeing demand in other places jump up

so the flat bed guys are doing well because rig counts are jumping higher and they're moving materials to those job sites that you see more and more new rigs be put up because taking advantage of higher prices of oil and gas. >> thank you very much appreciate it. all right. as interest rates rise, mortgage rates are going along for the ride if you want to put it that way up next, we will have the latest numbers on 30-year mortgages and it's going to put the housing market in potentially a deep freeze will it do that just as the spring selling season starts onwi t out alg thhe blossoms? we'll be right back. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire

mortgage rates are spiking but inventory is still low diana olick is here with the latest numbers and the effect. >> ty, mortgage rates got nowhere to go but up and add to that the steady rise over the past month and economists are now revising their home sales

forecast lower for the year just as we get into the heart of the spring market. take a look at the average rate on the 30-year fixed it hit 4.72% today, moving 26 basis points higher just sense last friday. that according to mortgage news daily. most estimates at the end of last year had the average 30-year hitting 4.5%, but the war, oil prices have all lit a fire under rates last year at this time, it was around 3.45% matthew graham told me rates have a small chance to top out before hitting 5% and a good chance of topping out before hitting 6% it is a rapidly moving target in this environment, he said, due to inflation chief economist for the national association of realtors had his official home sales forecast for a 3% drop this year, but he told me this morning he now expects sales will fall 6 to 8% and core logic is also revising its sales

estimates lower with home prices already up 19% from a year ago and the higher mortgage rate on top, you're adding over $350 to the monthly payment on the median priced home and close to $100,000 in the full life of the loan back to you guys >> so what are these higher rates likely to do to prices >> well, that's the big question, tyler. normally in a historically normal housing market, you have sales start to drop then six months behind that, you see prices start to cool off, but this is not a normal housing market we have record low supply. very strong demand from the ma l millennials and it's hard to say if prices can pull back this much we're still hearing about bidding wars and as we watch the sales fall into the summer and fall, we might see prices cool a bit. up next, a working lunch with the head of a company turning the tables in the jobs market and helping some of the pandemic's most underappreciated

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demand for healthcare workers in america an put a lot of strain on the workers themselves, particularly nurses. today, jon fortt brings us up close with a doctor and ceo whose tech company is bringing nurses more power in the job market, if not the upper hand. >> good to be pback at the tabl. dr. iman is founder and ceo who is addressing the shortage it lets hospitals recruit nurses instead of nursing applying for jobs she is used to charting her own path she was born in sudan, grew up an expat emigrated to the u.s. when she was 24 >> it wasn't easy. i don't speak arabic as well as somebody who grew up in sudan. i'm pretty accustomed to being a quote, unquote, outsider have, once you live in multiple

countries and you know, you're a minority in all those countries, frankly, then you are a little bit of an outsider and that's, i've really used that to my advantage, to be honest. because being an outsider means that you have like different perspectives it means that you're not belonging, to be honest. you're kind of doing your own thing. and if anything, you're trying to get, in my case, i'm getting others to join my mission. >> that mission through incredible health is empowering nurses and partnering with more than 500 hospitals and health systems including cedar sinai and kaiser permanente. the company published results from a study of 2500 nurses showing a third say they're likely to quit by the end of 2022 on the platform, emonis able to use data to understand nurses' needs better, see why they're leaving their jobs and maybe get them into better ones. >> on average on our platform, we see a 15% reduction in

commute time so some are just looking for a shorter commute time we also see a 17% increase in salary as well the other thing, just to speak to the activity on the platform, every 30 seconds, another interview request is sent. and it is, the activity on the platform is very high. when you are a nurse on our platform, one of probably the best benefits you have is that the employers are applying to you instead of you applying to them >> growing up, she moved around so much because her father was a surgeon in saudi arabia. now two of her brothers are also surgeons she did do med school, too, but instead of practicing medicine, she decided to go into management consulting and then to silicon valley to work for a start-up, and then she launched incredible she's keeping it moving with plans to expand from 25 states to 40 by the end of this year. >> you answered my question. i was going to ask, was she trained as a medical

professional clearly, she was do nurses register with this portal, and that's how she finds her base of candidates >> exactly and then the employers want to get in - >> the hospital systems. >> -- to recruit the nurses. it's similar in a way to doximity, a social network for doctors. there are so many people who want to get the attention of doctors, pharmaceutical companies, et cetera, but there's power in having that not only are they looking to allow nurses to get recruited but also to increase their training because leveling up in training and knowledge is one of the things a lot of nurses are saying they want >> i wouldn't be surprised if we see technology press further, taking what her company is doing, others are trying to do it, almost making nursing an on-demand service kind of like an uber, a platform like that, and the the unusual pandemic is going to be the catalyst for work places to change and accommodate that as well >> indeed, but she says nurses really want full-time work, not really the gig work, because of

benefits, because of stability nurses tend to start out doing more of that flex stuff and want to settle down into a good situation. so that's what she's focused on. >> sounds like her anchor tenants, clients, are big hospital systems if i was a member of a multi-office practice, could i use it if i was a solo practitioner, could i use it to find someone in my area >> you absolutely could. as she scales, she certainly is dealing with a lot of those larger organizations, but hey, there's demand for nurses everywhere >> who pays her? >> the large organizations the hospitals who are trying to hire the nurses are the ones who pay. >> the nurses, there's no fee to sign up if i'm a nurse >> even training on the platform is free. >> she's so impressive i know that goes without saying, but the life she's lived, a whole family of surgeons >> she sounds kind of american, but she didn't show up here

until she was an adult >> thanks very much. >> next on "power lunch," this $50 mansion -- >> i'd buy that. >> sign me up. $50 million mansion is in aspen, owned by a russian oligarch. assets around the world have already been frozen. this property could be next. stay with us we'll take you there i may be close to retirement, but i'm as busy as ever. and thanks to voya, i'm confident about my future. voya provides guidance for the right investments. they make me feel like i've got it all under control. [crowd cheers] voya. be confident to and through retirement. ♪ ♪ connecting to opportunity is just part of the hustle. ♪ ♪ opportunity is using data to create a competitive advantage. ♪ ♪

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welcome back, everybody. dow hanging on to a 224-point gain or about 70 points off session highs. take a look again at the nasdaq, which has been leading the way today, with a 1.9% rally at session highs. and 268-point move to the upside despite higher interest rates. >> the russian oligarch roman obromavich owns a colorado mansion and it could be the first oligarch property to be frozen if the white house sanctions him properly robert >> hey, sources tell me the white house now considering adding him to its u.s. sanctions list the uk, europe, canada, australia have already sanctioned him they have frozen his assets and banned his travel to those countries. if he is sanctioned here, his rocky mountain real estate could be the first oligarch assets to be frozen by the u.s

abramovich owns two mansions near aspen one is a 14,000 square foot modern glass megy home on 200 acres in snow mass he brought the property in 2008 for $36.5 million. brokers tell me he expanded underground. it's now worth well over $50 million. he also owns a 5500 square foot ski chalet just down the road he bought for $12 million most oligarchs own u.s. real istate through anonymous shell companies or relatives but county property records show these two homes both remain in his own name that means the feds would likely be able to freeze them almost immediately. now, to seize them or actually take title, the justice department would actually have to prove abramovich committed a crime, which could take years or decades. meantime, buyers are circling the properties demand is so strong the average sale price for a single family home right now is over $13

million. >> can you live in a frozen house, robert? >> so it's a little uncertain. so he can't transfer it. he can't sell it, and he can't benefit from it. and that legal term of benefit is a little unclear whether he can live it in or not. he is probably able to visit it, but whether living in it remains a benefit is unclear but he can't transfer it, can't sell it, and the u.s. government can only take title or seize it if they prove a crime. >> his travel would be highly restricted these days, i would guess. in the u.s >> yeah, so his two yachts and two of his planes are in turkey right now. the speculation is that he is in turkey he is an israeli citizen and a portuguese citizen people thought he would go there, but he has not, and certainly in the u.s., even though he's not sanctioned yet, no one in aspen has seen him for

years. >> fascinating house might need some upkeep >> does he still have russian citizenship, too i assume he does >> yes, russian, israeli, and portuguese those are his three citizenships and his ex-wife and daughter are both u.s. citizens and live here in new york city >> all right, thank you, robert. >> robert frank, on it as always thank you for watching "power lunch. >> "closing bell" right now. >> stocks are firmly in the green, and yields are at multi-year highs the most important hour of trading starts now i'm sara eisen here's where we stand in the market rising again, the s&p higher for the fifth time in the last six sessions and up a full percent the dow is off session highs but still up more than 200 points. the nasdaq is doing the best of the big three, up 2% right now technology and consumer discretionary in the lead. small caps also coming back up more than 1% we're higher for the month of march, and we are building on last week's big win streak here are my top